“EXCLUSIVE: Rep. Michael Grimm may have used ‘donor swapping’ to skirt fundraising limit”

NY Daily News:

The swapping works like this: A donor gives the maximum to Candidate A donates to Candidate B — and in return, a donor or friend of Candidate B gives an identical amount to Candidate A.

A Daily News review of 2010 federal fundraising records found more than 20 transactions that suggest supporters of Grimm and candidates in California, South Dakota, Illinois and Virginia swapped donations totalling more than $75,000.

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